Monster Beverage Corp. Earnings Advance In Q1

(RTTNews) - Monster Beverage Corp. (MNST) announced a profit for its first quarter that increased from the same period last year.

The company's earnings came in at $216.05 million, or $0.38 per share. This compares with $177.98 million, or $0.31 per share, in last year's first quarter.

Analysts had expected the company to earn $0.39 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.7% to $850.92 million from $742.15 million last year.

Monster Beverage Corp. earnings at a glance:

-Earnings (Q1): $216.05 Mln. vs. $177.98 Mln. last year. -EPS (Q1): $0.38 vs. $0.31 last year. -Analysts Estimate: $0.39 -Revenue (Q1): $850.92 Mln vs. $742.15 Mln last year.